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Below are the characteristics of the country of Macro: 2018 2019… Below are the characteristics of the country of Macro:   201820192020ItemQuantityPriceQuantityPriceQuantityPriceHamburgers            2,000$3.005,000$4.003,000$5.00Hot Dogs            2,000$2.002,500$4.005,000$5.00Buns            4,000$1.507,000$2.007,500$2.50Ketchup               100$0.50200$0.75500$1.00Mustard               200$0.75400$1.001000$1.25 Using 2018 as the base year, compute the following: 1) Nominal GDP for 2018, 2019 and 20202)Real GDP for 2019 and 20203)GDP Deflator for 2019 and 2020 4)CPI for 2019 and 20205Percent growth of GDP Deflator & CPI from 2018-2019, 2019-2020) Business Economics Macroeconomics ECON W3213

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